I have noticed in crypto currency space that people find it difficult to focus and be determined to succeed in crypto
People tend to forget that millions is not made in a day;
But to be sincere I think when we are determined to make it
Crypto is the home for everyone
Yes, determination plays a great role in getting success in any sphere of life. Humans can conquer anything with a strong will power which is evidenced by a famous saying, ”Where there is a will, there is a way”. So have faith in your capabilities and act wise. Don’t have unrealistic targets and if you truly believe that you did the right think, then patience is all what is needed to succeed. |
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What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner
This completely depends on your capabilities, skills, goals, targets and mindset. However of the two, holding is comparatively easy. If you are a beginner I would suggest you to hold and get some knowledge side by side regarding the market. Start sending some time learning about the technical analysis, carts, past trends, listen to the experts and then make your decision of trading or not. |
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According to me, the five most common mistakes among the beginners in crypto market are:
1. Investing more than what they cannot afford to lose.
2. Not diversifying the investments.
3. Just gambling in the market and speculating, as they enter the market without any knowledge.
4. Panic selling when the market falls.
5. Not researching the project carefully before investing in it.
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I think this depends totally on the person investing in crypto market. One currency might be the best for one investor and the same might be the worst for some other investor. So, one should decide this keeping in mind his own goals and targets. Some want to trade, some want to hold. But yes the top 10 coins listed in the coin market are definitely better than the others and can give higher profits.
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The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
Yes I completely agree with you on this. The cryptocurrencies are snatching the financial power from the hands of the government and giving it to the public. Therefore, the governments and banks are against crypto market. The cryptocurrencies and its underlying technology known as blockchain aims at establish direct contact between the financial parties thereby eliminating the intermediaries like banks. This puts threat to the very existence of banks. |
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A lot of scams have caused the fear of theft among people and they are regarding bitcoin and its trading a scam. People seem to be reluctant towards investing in bitcoins. How do we ensure them that bitcoins are not scam but the people are.  I think this will definitely take some time. Cryptocurrency market has not developed fully and there are many unexploited flaws which makes it unsuitable to be used as a currency. There must be some standard against which cryptos should be valued. In short, we definitely need the help of government in making the cryptocurrencies to be used for making real time purchases. |
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I think NEO is better for trading not investing. Most will fail, so the key is to develop a profitable exist strategy.
When choosing an ICO, first of all you should look at the product that stands behind an ICO. If there is no product yet, and the project is only on the “idea” stage - I wouldn’t recommend investing in it. Also, you should understand if crypto can actually bring some value or solve some real problems. For many companies there is no need to create own crypto at all. They just follow the hype and it’s very unlikely their ICO succeed. I’ll suggest you to consider Rentberry ICO. Rentberry is a decentralized home rental platform. So far, it is the only platform on the market that allows creating custom offer and automates all rental tasks. It already has over 120K users and 224K properties. Rest you can read on internet. |
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Regretting is a natural emotion. Human beings naturally commit lot mistakes. The investments sector is especially more prone to mistakes has there are lot of risks involved. The worst part is that you cannot do anything about it. I realize that a loss has been occurred and regretting about it would not do any good. Instead I learn from those mistakes that where I went wrong and make sure that such mistakes don’t occur in future.
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absolutely yes, go to bounty campaign its free to rendered altcoin or buying for ico selling and also trading in exchanges.
I think bounties are an easy and safe method of earning Altcoin mainly because it does not any investment of funds from the side of a participant. You just need to do the task or job assigned to you and you are given Altcoins as reward for your services. You can select the bounties according to your skill which makes it easy as in investment and trading, lot of knowledge and skills are needed which everyone might not have. |
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o curious to know how much people are trying to make or expecting in crypto.
How realistic and achievable are your target's?
Humans are greedy by nature. There is no limit as to what amount of money they want. We all want endless amount of money. Whenever we earn some profits, we desire to earn more. So it is quite difficult to become satisfied. I personally invest in cryptocurrency market for earning additional income with which I can fulfill my dreams and wishes which are not possible with my regular monthly income. |
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We all know about the volatility of the crypto market, but somehow we still preach about the Hodl doctrine. What keeps you motivated to do so? and what sort of trust do you have in cryptocurrencies? Investors like us are into predictions and discussions, but are we close to accuracy? Discuss  Prevention is better than cure. This saying applies to the cryptocurrency market also. A loss once incurred is very difficult to cure. This thought seriously keeps me motivated to hold on my holdings, provided, the coin or cryptos must be capable of rising back again. Therefore we should try to think with a calm mind when the market falls and then take a decision. Avoid panic selling completely. |
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Hello Guys
I think, that will a BTC in next one or two months going down but, no so much, and then coming next jump. But this time, I think it will take longer and maybe will come also a new record resault. I will appreciate an expert comment.
Nothing can be said for sure. Bitcoin has always been unpredictable. It sometimes shows high amount of fluctuations in a day. This is evidenced by many surprises and shocks it has given. So anything can happen. I might rise in December, it might not. In order to be on the safe side, don’t invest more than what you cannot afford to lose. Let’ hope that it will rise and we can earn substantial profits. |
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Most probably in this section are users that are interested mostly in Economics, so I want to know why Economics attracts you?
It is not compulsory to study economics at university if you have interest in it. However, a degree in economics will definitely give you vast amount of knowledge. This also depends on your ultimate goal. You don’t need to study at eco at university if you are just simply interested in it, or even want to start a business. But if you want to teach eco then you should get a degree in that first. |
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I'm not one who would invest in precious metals, but I have noticed that a good amount of the older generations are pretty keen in investing in these metals. They see it as a way to bet against the market, and a security that will always be safe -- even in the times of a market downturn/country failure as a whole.
I personally wouldn't even want to buy these metals in those events, as I don't see the reason to. I'd rather invest in securities that go up when the market shits itself (Payroll lending companies and so on and so forth)
Does anyone here know the reason behind people loving precious metals?
When the older generation was young, technology was not developed at all in many countries they have always seen such metals being used for investment purposes since many decades. This make them feel safe while investing in them. Cryptocurrencies is completely new concept for them and many find it difficult to understand. They are unwilling leave their conventional investments methods and try new ones. |
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July was a solid month for cryptocurrencies overall, with the price of Bitcoin reversing the steady declines seen over the previous two months to hover around $8,200 around the end of the month. This marked a strong recovery from the low of $5,755 seen in late June, but was still well below the all-time high of almost $20,000 last December, and also a good 18% lower than the ~$10,000 figure seen less than three months ago. Notably, there was a recovery in the level of activity on the Bitcoin network over the month of July, with the average number of unique addresses and the average transaction volume per unique user improving from the lows seen in June. However, with both of these key metrics sliding lower over the first two weeks of August, the price of Bitcoin has slumped to below $6,500. Given the current weakness in Bitcoin trading activity, we have reduced our forecast for number of unique users as well as transaction volumes in our interactive Bitcoin Price Estimator. We now expect the Bitcoin price to settle around $9,500 by the end of the year for our base case scenario – down from our earlier estimate of $10,500. The graphic below captures our base case forecast for the monthly average price of Bitcoin this year based on our estimates for transaction volume and number of Bitcoin users, and also shows a possible price range for the cryptocurrency taking into account a relatively bullish as well as bearish outlook for the rest of the year. TREFIS Understanding What Drove The Price Fluctuations Over Recent Months The global cryptocurrency industry has seen a flurry of new developments since December. Many of these developments had a negative impact on the growth prospects of cryptocurrencies, such as restrictions by banks on the use of credit cards to buy cryptocurrencies, and calls by financial regulators across the world for caution while investing in digital currencies (with some countries even banning their use). This sent cryptocurrencies sliding in value from the all-time highs seen in mid-December 2017, as demonstrated by the slump in Bitcoin’s price from almost $20,000 then to below $6,000 in early February. However, Bitcoin prices saw a sharp recovery over April and early May, primarily because the traditional financial industry began warming up to cryptocurrencies. While Goldman Sachs became the first investment bank to start a cryptocurrency trading desk, IntercontinentalExchange (which owns the NYSE) reported its ongoing work on a new trading platform that will allow institutional investors to buy and hold cryptocurrencies. As this points to increased adoption of cryptocurrencies in the near term, the good news propelled Bitcoin prices higher. MORE FROM FORBES But Bitcoin prices slumped in late May when Mt. Gox dumped more than 8,200 Bitcoins on existing exchanges, and further in June when two South Korean cryptocurrency exchanges were hacked. In addition to having a negative impact on Bitcoin pricing, these events also dragged down Bitcoin trading activity, as evidenced by a notable reduction in the number of users on the Bitcoin network. The trend reversed in July, though, with renewed institutional interest in cryptocurrencies driving activity levels. This was driven by growing optimism around the SEC potentially approving a Bitcoin ETF. TREFIS The SEC’s approval would make Bitcoin a more accessible investment option for investors globally, and definitely presents a sizable upside for the cryptocurrency. However, little has been able to quell investor concerns about the security of cryptocurrency exchanges over recent months – something that we believe will continue to weigh on activity levels in the near future. What Does This Mean For Bitcoin’s Price? Like the price for anything, Bitcoin’s fundamental price depends primarily on demand and supply. Demand for Bitcoin is primarily driven by two factors: the number of active users, and how much they transact. On the supply side, the number of available Bitcoins is capped, and about 80% of the capped number is already mined. As such, it is sensible to focus on the demand, both in terms of users and transaction volumes. In our interactive Bitcoin Price Estimator, we forecast changes in the number of unique users as well as transaction volumes for each month over the rest of 2018 to arrive at our estimate for Bitcoin’s fundamental value. As we detailed above, given the headwinds faced by both of these metrics over the month of August, we expect them to grow at a modest pace over coming months. As a result, we believe that the Bitcoin will very likely remain below $10,000 for the rest of the year. This video shows how to leverage our bitcoin pricing dashboard. While the dashboard looks fairly basic, in back-testing – a method to see how well it could have predicted prices in the past – it was almost 94% accurate. Like our charts? Explore example interactive dashboards and create your own Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you touch, read, or hear about everyday, impact its stock price. Surprisingly, the founders of Trefis discovered ... https://www.forbes.com/sites/greatspeculations/people/trefis/#7fcca4de4462It is very difficult to predict the movements in the price of Bitcoin; however, chances are that it will not cross $10K as you said. But you know Bitcoin has never failed to surprise us or shock us. It has shown unexpected ups and downs many times. So due its high volatility we cannot say anything for sure. It might rise and cross 10 k mark and surprise everyone again. |
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Firstly, it is very important to understand crypto market cannot be used for meeting your daily needs as it is very uncertain and risky market. Second, you should invest in the market only if you can afford to lose that amount. So if you are really interested and willing to take these risks only then invest in this market. If you have fear of losing money, start with small amount and don’t take many risks in the hope of a better opportunity.
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I too, agree with you on this. a person will not suffer any loss unless and until he liquidates his investments. So if at any time your investments are running in loss, you should wait and hold your investments until the price of your coin rises. What most of the people do is sell their investments out of panic and then blame the market for their losses. We should understand that if our coin has a potential then it will definitely rise back.
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This depends on your resources, capabilities and goals. If you have availability of continuous supply of cheap electricity, considerable amount of investment, no interest in technical charts and analysis, then go for mining. But if you don’t have these, are willing to spend long hours for understanding and researching the the market fully, and willing to take risks, and then go for trading.
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Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.
Is it possible that bitcoin will be obsolete in the future?
Future is always uncertain. We cannot say anything for sure. Assumptions are always based on facts and the fact is that nothing is permanent forever. Every invention becomes obsolete one day. So same applies to the Bitcoin. If a new coin is launched which is capable of breaking the trust of the people in Bitcoin, then it will become obsolete. But the coin replacing outdating the Bitcoin should be extraordinary and completely different. |
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So saw many self airdrops of ERC20 tokens and wave platforms in social media. They would promise their investors a cheap token price purchase, and in turn promise a good listing price at the exchange. 98% of these self airdrop never make it to exchange, and the few that get listed in a decentralized exchange get pumped for 2hrs and there after dumped forever. Why do you think people still patronize these scamming project and not study good ICOs and buy?
This is mostly the case with the uneducated investors who invest or participate in anything without any knowledge. For them the ultimate goal is to make money without fully understanding the market. Such people are the ones who fall prey to the scam projects. There are some genuine airdrops also in the cryptocurrency market, but you obviously need to read properly about the ICO providing it. With time and failures they will definitely understand that they need to learn before investing. |
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